Capital Add-ons

Policies relating to Capital Add-Ons for Solvency 2 insurers.

PRA Rules

UK legislation

  • Capital Add-on - Commission Delegated Regulation (EU) 2015/35 – Solvency II (Title I, Chapter X) 

UK technical standards

  • Procedures for decisions to set, calculate and remove capital add-ons - Commission Implementing Regulation (EU) 2015/2012, as amended, including by, the Technical Standards (Solvency II Directive & Institutions for Occupational Retirement Provision Directive) (EU Exit) Instrument 2019, Annex H

Supervisory Statements

  • Solvency II: the solvency and minimum capital requirements (SS4/15)
  • Financial management and planning by insurers (SS4/18)
  • Solvency II: ORSA (SS19/16)
  • Solvency II: applying EIOPA Set 2, System of Governance and ORSA Guidelines (SS41/15)

Other relevant material

Guidelines originally issued by European Supervisory Authorities should be read in conjunction with "Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU" (Statement of Policy)

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This page was last updated 31 January 2023